Canada Wood Today | The Canada Wood Group

China Economic Update

2018 Q1 highlights:

Based on the report issued by the official statistics bureau on April 17th, China’s GDP growth increased 6.8% in the first quarter which exceeded the previous expectation (6.7%); real estate investment is expected to… more

China to set up ministry of natural resources

China will set up a new ministry to protect and manage the country’s natural resources, according to a reform plan submitted to the national legislature on March 14th.
The restructuring of the State Council, China’s cabinet, is… more

Suzhou wood project wins 2018 BC Wood Design Awards

A timber structure project in Jiangsu Province has won the International Wood Design Award at the 2018 Wood Design Awards in Vancouver, Canada.
The Timber Structure Enterprise Pavilion at the Jiangsu Horticultural Expo in Suzhou was… more

Shandong to build tallest wood structure in China

Dingchi Wood Co of Shandong Province will build a six-story wood building, which will be the tallest wood structure in China.
The 23.55-meter tall building will be built in an industrial park in Penglai City with a total construction area… more

China’s environment tax law comes into effect

As part of its effort to fight against pollution, China unveiled its first environmental protection tax law on January 1. The law replaces a decades-old pollutant discharge fee targeting enterprises and public institutions discharging… more

China Economic Update, Construction & Lumber Shipments

2017 Q4 highlights and outlook for 2018:

China’s economy cooled slightly in Q4 2017 as it transitioned to a more sustainable growth trajectory; investment growth slowed in November 2017 under the influence of a cooling property market… more

Installation of PEEWW completed on Yantong project

Installation of prefabricated energy efficient wood walls (PEEWW) has been completed on the first floor of a demo project in Changzhou City.
The project that supported by Canada Wood China (CWC) is a two-story construction with a precast… more

China, Canada issue joint statement on climate change

China and Canada have issued a joint statement on climate change and clean growth during the Annual Dialogue between the Chinese premier and the Canadian prime minister on December 5.
The two sides also agreed to establish two… more

China Launches national carbon trading market

China has rolled out the world’s largest carbon emission trading market, a milestone that marks the country’s efforts to tackle growing environmental challenges, China’s top economic planning body announced on Dec.19.The nationwide… more

B.C.’s largest forestry trade mission to China

B.C. Forests, Lands, Natural Resource Operations and Rural Development Minister Doug Donaldson led a B.C.’s largest-ever forest sector mission to China from November 12th to 15th. There were over 40 delegates from more than 20 B.C…. more

China Economy, Construction & Lumber Shipments

2017Q3 highlights[i]:

GDP growth in Q3 is 6.8% (YOY), maintaining strong growth between 6.7% to 6.9% consecutively for 9 months.
Consumption is 64.5% of GDP, increased by 2.8% compared to 2016.
Fixed-asset investment in Q1-3 is 45,847.8… more

Changing competitive landscape of China’s wood market

In 2016, China’s commercial timber trade volume (including logs and sawn lumber) is about 160 million m3, of which 93 million m3 or 58% is imported representing an increase of 13.5% year-on-year (YOY).
The volume of China sawn lumber… more